Cormark Predicts Weaker Earnings for Royal Bank of Canada

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Cormark cut their FY2025 earnings per share estimates for shares of Royal Bank of Canada in a report issued on Thursday, December 5th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings per share of $12.81 for the year, down from their previous forecast of $12.91. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

RY has been the topic of a number of other reports. Bank of America increased their price objective on shares of Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$178.00 to C$180.00 in a research note on Friday, November 15th. Canaccord Genuity Group raised their price objective on Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. CIBC lifted their price objective on shares of Royal Bank of Canada from C$167.00 to C$176.00 in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group reduced their price objective on shares of Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$176.58.

Royal Bank of Canada Trading Up 0.2 %

Shares of Royal Bank of Canada stock opened at C$178.63 on Monday. Royal Bank of Canada has a 12 month low of C$124.49 and a 12 month high of C$180.45. The stock’s fifty day moving average price is C$172.06 and its 200-day moving average price is C$159.40. The firm has a market cap of C$251.87 billion, a P/E ratio of 15.82, a P/E/G ratio of 3.42 and a beta of 0.84.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.42. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 50.31%.

Insider Transactions at Royal Bank of Canada

In related news, Senior Officer Douglas Antony Guzman sold 17,000 shares of Royal Bank of Canada stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$167.95, for a total transaction of C$2,855,150.00. Following the completion of the sale, the insider now owns 25 shares of the company’s stock, valued at C$4,198.75. The trade was a 99.85 % decrease in their ownership of the stock. Over the last ninety days, insiders sold 34,648 shares of company stock worth $5,811,275.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.